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Poland's Finance minister Jacek Vincent Rostowski speaks during a debate on the economic crisis and the Euro at the European Parliament on September 14 in Strasbourg, eastern France. Rostowski said the eurozone crisis could wreck the European Union.

Poland's Finance minister Jacek Vincent Rostowski speaks during a debate on the economic crisis and the Euro at the European Parliament on September 14 in Strasbourg, eastern France. Rostowski said the eurozone crisis could wreck the European Union.

EU leaders issued dire warnings on Wednesday that the entire 60-year-old European Union could be torn apart by the eurozone debt crisis, as the risk of Greece defaulting grows.

French President Nicolas Sarkozy, German Chancellor Angela Merkel and Greek Prime Minister George Papandreou were to hold a teleconference late Wednesday as markets price in a default by the government in Athens, and credit rating giant Moody's downgraded two major French banks given their exposure to Greek debt.